We used today’s charts in stock indices and oil to illustrate our position management in gold. The negative undertones these markets show since yesterday are still conditioning today's price action as you can see in this video. Where the metal will finally carve a material bottom is obviously unknown but we are eyeing specific supports to add to our long-term position.
Gonçalo Moreira
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Gonçalo Moreira
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.